Thursday, July 29, 2010 at 12:10 p.m.
HOUSTON
Oil and gas exploration company Boots & Coots Inc. reported a spike in second-quarter profits Thursday, boosted by growing revenue across its businesses.
The company posted net income of $6.2 million, or 8 cents per share, up from $719,000, or a penny per share, in the same period a year ago. Analysts surveyed by Thomson Reuters expected income of 6 cents per share.
Revenue jumped more than 50 percent to $70.9 million from $47 million.
Shares dipped a penny to $2.97 in afternoon trading.
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